Prodware SA (ALPRO) AI Stock Analysis

• Market Cap: €83.37M
• Dividend Yield: N/A
• Average Volume (3M): 483.00
• Price to Earnings (P/E): 4.0
• Beta (1Y): 0.15
• Revenue Growth: 75.71%
• EPS Growth: N/A
• Country: FR
• Employees: 1,420
• Sector: Technology
• Sector Strength: 84
• Industry: Software - Application
• EPS (TTM): 2.90
• Shares Outstanding: 7,654,251
• 10 Day Avg. Volume: 337
• 30 Day Avg. Volume: 483
• PEG Ratio: -0.03
• Price to Book (P/B): 0.60
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -58.92
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 72 Outperform
• Price Target: €12.50 ▲(8.70%Upside)

Prodware SA receives a solid score driven primarily by its strong financial performance and technical indicators. While the company shows impressive revenue growth and operational efficiency, the high leverage and negative free cash flow present significant risks. The low P/E ratio suggests potential undervaluation, further supporting the positive outlook.

Prodware SA Business Overview & Revenue Model

Company Description

Prodware SA (ALPRO) is a France-based company operating in the information technology services sector. It specializes in the design, deployment, and management of industry-specific IT solutions, primarily focusing on enterprise resource planning (ERP) and customer relationship management (CRM) software. Prodware serves a diverse range of industries, including manufacturing, retail, distribution, and professional services, offering both on-premise and cloud-based solutions to enhance business performance and digital transformation.

How the Company Makes Money

Prodware SA generates revenue through the sale and implementation of its software solutions and services. The company primarily earns money by providing licensing or subscription fees for its ERP and CRM software products. Additionally, Prodware offers consulting, customization, and integration services to ensure that its solutions meet the specific needs of each client, which also constitutes a significant revenue stream. Moreover, the company provides ongoing support and maintenance contracts, contributing to its recurring revenue model. Strategic partnerships with leading technology providers, such as Microsoft, further enhance Prodware's offerings and market reach, thereby supporting its revenue growth.

Prodware SA Financial Statement Overview

Summary

Prodware SA shows strong revenue growth and improved profitability, turning previous losses into gains. However, the high debt level and negative free cash flow highlight areas for improvement. The company has demonstrated operational efficiency improvements, but maintaining financial stability will require careful debt and expenditure management.

Income Statement

Prodware SA's income statement shows strong revenue growth, with a significant increase from €380.57M in 2023 to €668.73M in 2024, representing a 75.7% growth rate. The Gross Profit Margin improved to 16.6% in 2024, and the Net Profit Margin turned positive at 3.3% after a net loss in 2023. The EBIT and EBITDA margins also improved to 8.5% and 17.0%, respectively, indicating better operational efficiency. These metrics suggest that the company has improved its profitability and efficiency over the past year, although profit margins remain modest for the industry.

Balance Sheet

The balance sheet shows a high debt-to-equity ratio of 3.25, which indicates significant leverage. However, the equity ratio is 15.9%, suggesting a reasonable level of equity relative to total assets. Return on Equity (ROE) improved to 22.4%, reflecting better profitability relative to shareholder investments. While the company has managed to improve its equity base, the high leverage poses a potential risk, necessitating careful financial management.

Cash Flow

Prodware SA's cash flow statement reveals challenges in free cash flow generation, with a negative free cash flow in 2024. The operating cash flow to net income ratio is healthy at 2.96, indicating good conversion of earnings to cash. However, the free cash flow to net income ratio is negative due to high capital expenditures. While operating cash flow remains robust, the company needs to address its capital expenditure management to improve free cash flow.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
668.73M	380.57M	188.28M	165.52M	172.40M
	Gross Profit
110.93M	96.67M	32.83M	15.49M	17.08M
	EBIT
56.60M	48.20M	29.30M	14.41M	15.33M
	EBITDA
113.50M	64.47M	49.65M	19.65M	43.16M
	Net Income Common Stockholders
22.20M	-23.71M	15.70M	-68.46M	7.62M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
97.12M	93.59M	56.14M	65.17M	36.10M
	Total Assets
623.76M	589.79M	352.33M	325.24M	376.62M
	Total Debt
321.59M	281.39M	181.50M	182.39M	147.23M
	Net Debt
224.47M	187.80M	125.36M	117.22M	111.13M
	Total Liabilities
524.77M	512.85M	251.64M	241.91M	224.91M
	Stockholders Equity
98.96M	76.74M	100.51M	83.33M	151.71M
Cash Flow		Free Cash Flow
-577.00K	47.00M	-1.03M	-16.51M	5.44M
	Operating Cash Flow
65.77M	84.52M	36.46M	33.35M	28.48M
	Investing Cash Flow
-65.89M	-121.54M	-40.22M	-49.83M	-19.03M
	Financing Cash Flow
18.95M	71.55M	-6.10M	47.11M	-6.11M

Prodware SA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 11.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ALPRO, the sentiment is Positive. The current price of 11.5 is above the 20-day moving average (MA) of 11.30, above the 50-day MA of 10.87, and above the 200-day MA of 10.31, indicating a bullish trend. The MACD of 0.18 indicates Negative momentum. The RSI at 56.12 is Neutral, neither overbought nor oversold. The STOCH value of 72.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:ALPRO.

Prodware SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SWP	78 Outperform	€335.83M	15.22	21.85%	5.68%	12.11%	-3.64%
ALBFR	73 Outperform	€371.31M	46.54	22.43%	―	25.69%	38.74%
ALPRO	72 Outperform	€83.37M	3.96		―	75.71%	―
Sector *	62 Neutral	$11.97B	10.29	-7.47%	2.99%	7.32%	-8.06%
CLA	59 Neutral	€169.47M	―		―	-0.95%	49.19%

Prodware SA Corporate Events

Prodware SA Announces Share Capital and Voting Rights Update

Prodware SA disclosed information regarding its share capital and voting rights as of January 31, 2025, with 7,654,251 shares and 8,613,830 exercisable voting rights. The announcement is part of their routine financial disclosures and supports transparency for stakeholders, with the next publication of annual results scheduled for March 6, 2025.